Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 175.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,682 shares of the basic materials company’s stock after purchasing an additional 156,007 shares during the period. Alberta Investment Management Corp owned 0.06% of Uranium Energy worth $1,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UEC. GAMMA Investing LLC lifted its holdings in shares of Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Uranium Energy by 5,130.4% in the third quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after buying an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. purchased a new stake in Uranium Energy in the third quarter valued at approximately $33,000. BNP Paribas acquired a new stake in shares of Uranium Energy in the third quarter valued at approximately $38,000. Finally, National Bank of Canada FI grew its position in shares of Uranium Energy by 29.7% during the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 1,713 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. HC Wainwright increased their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. National Bank Financial assumed coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price objective for the company. Finally, National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th.

Uranium Energy Stock Performance

UEC opened at $5.68 on Friday. The stock has a market capitalization of $2.40 billion, a P/E ratio of -47.33 and a beta of 1.88. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93. The business’s fifty day moving average price is $6.64.

Uranium Energy Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.